#neel-kashkari (2 Posts)
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Why the Federal Reserve Won't Cut Rates Until the End of the Year After maintaining the highest benchmark interest rate (5.25-5.5%) in 23 years for seven consecutive times, the Federal Reserve System (Fed) suggests that people may have to wait until the end of 2024 for lower interest rates. President of the Federal Reserve Bank of Minneapolis Neel Kashkari mentioned the timing of the interest rate cut during […] -
Kashkari Hints at Possible Fed Rate Cut by Year-End Classified as a leading hawk in the Federal Reserve, Neel Kashkari, the President of the Federal Reserve Bank of Minneapolis, stated, “Expectations for a rate cut in December are reasonable.” Kashkari preemptively dismissed expectations for a rate cut in September. The market anticipates the Federal Reserve will cut rates as early as September. On June […]
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